What is HorizenZEN (ZEN)?

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Bittime - As part of a larger project, ZEN is also contributing to the development of decentralized and inclusive blockchain solutions. This article will discuss more about the unique characteristics of ZEN.

What is HorizenZEN?

HorizenZEN (ZEN) is a scalable and secure blockchain platform focused on privacy. HorizenZEN uses zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) technology to enable private and secure transactions on the blockchain.

HorizenZEN Key Products & Features

The following isHorizenZEN Key Products & Features:

• Sidechains: HorizenZEN enables the creation of customized sidechains for various use cases.
• Smart Contracts: HorizenZEN enables the creation and use of secure and scalable smart contracts.
• Zendoo: Zendoo is a dApp platform that allows users to interact with various decentralized applications.
• Horizen Sphere: Horizen Sphere is a secure and decentralized digital identity solution.
• Community: HorizenZEN has an active and supportive community.

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What is ZEN?

ZEN is the native cryptocurrency token of the HorizenZEN platform. ZEN is used for:

• Paying transaction fees: ZEN is used to pay transaction fees on the HorizenZEN blockchain.
• Staking: ZEN can be staked to earn rewards and help secure the network.
• Participate in governance: ZEN can be used to participate in the governance of the HorizenZEN platform.

Tokenomic HorizenZEN (ZEN)

The following isTokenomic HorizenZEN (ZEN):

• Total Supply: 21 million ZEN
• Distribution: 70% mined, 10% allocated to team and advisors, 20% allocated to public sale.
• Inflation: ZEN inflation decreases over time.

Fundamental Analysis of HorizenZEN (ZEN)

The following isFundamental Analysis of HorizenZEN (ZEN):

• Technology: HorizenZEN uses proven and tested blockchain technology.
• Tim: The HorizenZEN team consists of experienced developers and entrepreneurs.
• Community: HorizenZEN has an active and supportive community.
• Adoption: HorizenZEN has been adopted by various companies and organizations.

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Comparison of Solana, HorizenZEN & Binance

Founder & Tim HorizenZEN

The following isFounder & Tim HorizenZEN:

• Rob Viglione: CEO
• Rolf Versluis: CTO
• Matthew Smith: CMO

Member Opinions About HorizenZEN

According to David S. Johnston, CEO of Overstock.com, HorizenZEN (ZEN) is considered one of the most secure and scalable blockchain platforms in the world. This praise emphasizes ZEN's commitment to high security and its ability to provide reliable solutions in the blockchain ecosystem.

Charlie Lee, Litecoin Founder, added a positive dimension by stating that HorizenZEN is an innovative privacy solution for blockchain, highlighting its focus on transaction security and user privacy.

Don Tapscott, Author of Blockchain Revolution, sees HorizenZEN's broad potential, calling it one of the blockchain platforms with the most potential for widespread adoption. With the support of these leading figures, HorizenZEN is seen as a platform that is not only secure and innovative, but also has the potential to play an important role in the widespread development of blockchain technology.

Conclusion

HorizenZEN (ZEN) is a scalable and secure blockchain platform focused on privacy. HorizenZEN has proven technology, an experienced team, an active community, and has been adopted by various companies and organizations. HorizenZEN is the right choice for users who want a secure, scalable, and private blockchain platform.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.